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Alpine

One of finance’s juicier ironies:

Vanguard is stacking massive BTC exposure via $MSTR, $MTPLF & Co while still professing to despise bitcoin.

This virus truly is unstoppable.

Nick 3mo ago 💬 1

Vanguard CEO Salim Ramji:

"We like investments that deliver cash flow or have the prospect of delivering cash flow... We don't have a gold ETF. We don't have a silver ETF. And so it's a logical extension as to why we don't have ETFs in other things that don't either deliver cash flow or have the prospect of delivering cash flow".

🤦‍♂️ 🤦‍♂️ 🤦‍♂️

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Discussion

Alpine 3mo ago 💬 1

It’s like that scene in the big short where he realizes “OMG, they’re stupid”. It wouldn’t surprise me if this guy hasn’t read a single solitary page of Mises.

Nick 3mo ago

😂 It wouldn’t surprise me either. It’s crazy they’re still anti-Bitcoin